The trend growth rates of wheat in the US was interrupted
a six-day increase in the prices of us wheat on Thursday gave way to bearish pullback. After quotes of soft wheat in Chicago reached its highest level since November of 2015, investors started to close positions and take profits.
Harvest provides seasonal pressure on prices.
Weekly export sales of U.S. wheat amounted to 223,8 thousand tons against the expected traders 300-500 thousand tons.
Additionally influenced the results of trades the strengthening of the U.S. dollar.
the wheat prices in the United States on the July agreements fell:
- the in Chicago at 3.40 $/tonne to 187,48 $/tones of soft wheat SRW,
- the in Kansas city by 3.12 $/tonne to 177,93 $/tone for hard wheat HRW,
- the in Minneapolis 0.55 $/tonne to 203,56 $/tones hard wheat HRS.